i think now its safe to go long in cable and gbp/jpy, even if a small retracement its still gona suck up to the moon...
SUMMARY OF U.S. FX, TREASURY MARKETS: USD slips to one-week low vs EUR as volatility in U.S. stocks continued to decline, leading investors to turn their focus back to policy comparisons between Fed and ECB. ECB overnight hinted it's still planning to hike rates next month, which helped push EUR to intraday high of 1.3552. Investors also still betting Fed will start cutting rates. "The U.S. dollar, along with the safe-haven yen and Swiss franc, underperformed overnight as a renewed appetite for risk boosted the higher-yielding G10 currencies," said UBS analyst Sophie Hardy. There wasn't much economic data for currency traders to play off with market attention focused on prospects for interest-rate moves -- in the U.S., Japan and Europe. BOJ will issue an interest rate decision later today with most observers now expecting central bank to hold off on hiking Japanese rates. "In terms of risk/reward perspective it just does not make sense for the Bank of Japan to be hiking now as it could be accused of fueling market instability," said Hiroshi Shiraishi, chief Japan economist for Lehman Brothers.
SUMMARY OF U.S. FX, TREASURY MARKETS: USD slips to one-week low vs EUR as volatility in U.S. stocks continued to decline, leading investors to turn their focus back to policy comparisons between Fed and ECB. ECB overnight hinted it's still planning to hike rates next month, which helped push EUR to intraday high of 1.3552. Investors also still betting Fed will start cutting rates. "The U.S. dollar, along with the safe-haven yen and Swiss franc, underperformed overnight as a renewed appetite for risk boosted the higher-yielding G10 currencies," said UBS analyst Sophie Hardy. There wasn't much economic data for currency traders to play off with market attention focused on prospects for interest-rate moves -- in the U.S., Japan and Europe. BOJ will issue an interest rate decision later today with most observers now expecting central bank to hold off on hiking Japanese rates. "In terms of risk/reward perspective it just does not make sense for the Bank of Japan to be hiking now as it could be accused of fueling market instability," said Hiroshi Shiraishi, chief Japan economist for Lehman Brothers.
its just money